Yousif Capital Management LLC Buys 94 Shares of Agilysys, Inc. $AGYS

Yousif Capital Management LLC grew its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,407 shares of the software maker’s stock after buying an additional 94 shares during the period. Yousif Capital Management LLC’s holdings in Agilysys were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Agilysys by 43.2% during the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after buying an additional 92 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after buying an additional 159 shares during the last quarter. AlphaQuest LLC boosted its holdings in Agilysys by 2,026.0% during the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker’s stock worth $77,000 after buying an additional 1,013 shares during the last quarter. Cloud Capital Management LLC bought a new position in Agilysys during the first quarter worth about $86,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Agilysys by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock worth $102,000 after buying an additional 141 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AGYS. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Oppenheimer lifted their price objective on Agilysys from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, September 9th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.57.

Agilysys Stock Up 2.1%

Shares of Agilysys stock opened at $113.11 on Wednesday. The business’s 50 day simple moving average is $107.81 and its 200 day simple moving average is $101.82. Agilysys, Inc. has a 52-week low of $63.71 and a 52-week high of $142.64. The firm has a market cap of $3.17 billion, a PE ratio of 226.22 and a beta of 0.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. Agilysys had a return on equity of 11.13% and a net margin of 4.85%.The business had revenue of $36.34 million for the quarter. On average, analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.